Nvidia's market cap is much lower than Intel's but higher than that of AMD. Nvidia has garnered higher revenue growth, as well as higher adjusted net earnings margin, when compared to its peers. This justifies its higher P/E Multiple over Intel, though it is lower than that of AMD, which has been gaining market share from Intel. Nvidia's strong cash position has also been favorable for its P/E Multiple. It appears that Nvidia is currently fairly valued when compared to its peers, in our view.